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Rama company issues 120,000 10% debentures of Rs. 10 each at apremium of 10%. The costs of floatation are 4%. The rate of taxapplicable to
Rama company issues 120,000 10% debentures of Rs. 10 each at apremium of 10%. The costs of floatation are 4%. The rate of taxapplicable to the company is 55%. Compute the cost of debtcapital. 2 answers
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